Economists Jokes / Recent Jokes

ECONOMISTS do it at bliss point
ECONOMISTS do it cyclically
ECONOMISTS do it in an Edgeworth Box
ECONOMISTS do it on demand
ECONOMISTS do it risk-free (in reference to the risk-free interest rate)
ECONOMISTS do it with a dual
ECONOMISTS do it with an atomistic competitor
ECONOMISTS do it with crystal balls
ECONOMISTS do it with interest

An economist is someone who gets rich explaining others why they are poor.
The last severe depression and banking crisis could not have been achieved by normal civil servants and politicians, it required economists involvement.
Contagion: A strory demostrating the possible outcomes from interlinkages in the financial markets.
Two economists sit down to play chess. They study the board for 24 hours and declare a stale-mate.
Q: What does it take to be a good economist?
A: An unshakeable grasp of the obvious!
Q: What’s the difference between mathematics and economics?
A: Mathematics is incomprehensible; economics just doesn’t make any sense.
An economist is someone who didn’t have enough personality to become an accountant.
Economics is extremely useful as a form of employment for economists.
Q: What’s the difference between a finance major and an economics major?
A: Opportunity cost
The First Law of Economists: For more...

There is also a joke about the last Mayday parade in the Soviet Union.
After the tanks and the troops and the planes and the missiles rolled by there came ten men dressed in black.
"Are they Spies?" Asked Gorby?
"They are economists," replies the KGB director, "imagine the havoc they will wreak when we set them loose on the Americans"

Dinosaur #1: "How many economists does it take to screw in a light bulb?"
Dinosaur #2: "What is an economist?"
Dinosaur #1: "A flunkie mathematician who tries to predict the population of kangaroos in Australia. But that`s not important and don`t ask what a Kangaroo is."
Dinosaur #2: "I don`t know, how many?"
Dinosaur #1: "10 economists and one grad student. One economist to make a model, one to run the regression, one to test the hypothesis, one to interpret the results, one to conclude how to screw it on, one grad student to screw it on, and five economists trying to fight off the dinosaurs trying to eat them.

There are two types of economists:

- those who cannot forecast interest rattes, and

- those who do not know that they cannott forecast interest rates.

Economists do it cyclically.

Economists do it on demand.

Economists do it with models.

Economists do it with crystal balls.

How many economists does it take to change a light bulb?

None. If it really needed changing, market forces would have caused it to happen.

None. If the government would just leave it alone, it would screw itself in.

None. The invisible hand does it.

Two. One to assume the existence of ladder and one to change the bulb.

Eight. One to change it and seven to hold everything else constant.

One to prepare the proposal, an econometrician to run the model, one each MS and PhD students to write the theses and dissertations, two more to prepare the journal article (senior authorship not assigned), four to review it, and at least as many to refine the model and replicate the results.